Super El Nino: Famine Follows War?
For now, the markets are rebounding after tensions in the Middle East eased, but the Indian economy's resilience will be tested again soon if the monsoon…
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Summary
Agricultural inflation hit 14.33% y/y during the 2023-24 El Niño, nearly three times the headline rate, with fruits and vegetables peaking at 25.69%. Fruits and vegetables spiked to 21.77% in March and, despite easing to 14.38% in May, remain well above headline, leaving the most weather-sensitive part of the CPI basket exposed to a renewed supply shocks. Many of the same regions were hit hard during the El Niño events of 2015–16 and 2023–24.
Furthermore, In 2015–16 alone, El Niño affected more than 60 million people and prompted $5 billion in humanitarian appeals across 23 countries. NSW endured major drought conditions from 2017 to 2020. By 2020, the level of agricultural employment in the Hunter Valley region was 75% lower than an estimate of what it would have been without the drought – and showed only slow signs of recovery years later.
Cross-referenced from 3 sources.
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Agricultural inflation hit 14.33% y/y during the 2023-24 El Niño, nearly three times the headline rate, with fruits and vegetables peaking at 25.69%.
according to ZeroHedgeFruits and vegetables spiked to 21.77% in March and, despite easing to 14.38% in May, remain well above headline, leaving the most weather-sensitive part of the CPI basket exposed to a renewed supply shocks.
according to ZeroHedgeMany of the same regions were hit hard during the El Niño events of 2015–16 and 2023–24.
according to ReliefWebIn 2015–16 alone, El Niño affected more than 60 million people and prompted $5 billion in humanitarian appeals across 23 countries.
according to ReliefWebNSW endured major drought conditions from 2017 to 2020.
according to The Conversation - AustraliaBy 2020, the level of agricultural employment in the Hunter Valley region was 75% lower than an estimate of what it would have been without the drought – and showed only slow signs of recovery years later.
according to The Conversation - Australia
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Sunday, June 21
Is Climate Change Supercharging El Niño?
Reliability 54 · moderate5 sources3 independent voices4 countries · 1 languagesrewrites detectedLawn expert says 'take steps now' as El Niño 2026 begins
Reliability 43 · moderate4 sources2 independent voices2 countries · 1 languagesblind spot · Centerrewrites detected
Saturday, June 20
More uncertainty for farmers as El Niño declared
Reliability 54 · moderate5 sources3 independent voices4 countries · 1 languagesrewrites detected